Tamboran, Santos Agree to Study Possible Darwin LNG Expansion
Tamboran Resources Corp. and Santos Ltd. entered a memorandum of understanding for technical studies, which could lead to a 6 mtpa expansion of Darwin LNG.
Could Trump’s Ban on Wind Leasing Halt Similar Oil and Gas Sales?
A law signed during the Biden administration ties offshore wind lease sales to similar auctions for oil and gas rights on federal lands. It’s unclear whether President Trump’s Jan. 20 executive order to halt wind leasing could spill over into the E&P world.
New Fortress Signs 20-Year Supply Deal for Puerto Rican Power Plant
The power plant, expected to come online in 2028, will be the first built in Puerto Rico since 1995, New Fortress said.
Senate Panel Approves Trump’s Picks to Run Energy, Interior Departments
(Reuters) – U.S. Senate committees on Thursday approved President Donald Trump’s choices to run energy and environmental policy – officials who, if backed by the full Senate, will seek to maximize fossil fuel output and scrap chunks of climate policy. The panel voted 18-2 to approve former North Dakota governor Doug Burgum to lead the …
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US Crude Oil Stocks Hit Lowest Since March 2022 Last Week, EIA Data Shows
U.S. crude oil stocks, excluding the Strategic Petroleum Reserve, fell by 1.02 million barrels to 411.66 million barrels in the week ended Jan. 17, the lowest since March 2022, according to U.S. Energy Information Administration data released on Thursday. That was the ninth consecutive weekly drawdown from U.S. crude oil inventories, the longest such streak …
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Trump Says He Will Demand Lower Interest Rates Immediately
(Reuters) – U.S. President Donald Trump on Thursday said he would demand that interest rates drop immediately, and that other countries should follow suit – marking his first broadside at Federal Reserve monetary policymaking since taking office just three days ago. “With oil prices going down, I’ll demand that interest rates drop immediately, and likewise …
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Trump Says US Needs Double the Energy it has to Power AI
(Reuters) – The United States needs double the energy it has to power rapidly emerging artificial intelligence operations, U.S. President Donald Trump said on Thursday. Trump said he would give emergency declarations to allow companies working on AI to start building plants “almost immediately” given intensive competition with China. “The big problem is we need …
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Trump: Will Be Asking Saudi Arabia and OPEC to Bring Down Cost of Oil
U.S. President Donald Trump on Thursday announced he would be asking Saudi Arabia and OPEC to bring down the cost of oil and said he would be asking Riyadh to increase a planned U.S. investment package to $1 trillion from an initial $600 billion. “If the price came down, the Russia-Ukraine war would end immediately. …
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Watch for Falling Gas DUCs: E&Ps Resume Completions at $4 Gas
Drilled but uncompleted (DUC) gas wells that totaled some 500 into September 2024 have declined to 295, according to a J.P. Morgan Securities analysis of Enverus data.
TransMontaigne Announces Two Facility Sales Totaling $210MM
Two wholly-owned subsidiaries of TransMontaigne Partners LLC have agreed to the sale of terminal facilities in Florida and Virginia.